EFTA00197043¶
BEAR STEARNS¶
OFFICE SERVICING YOUR ACCOUNT¶
Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179¶
CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY¶
Bear, Steams Securities Corp.¶
One Mebrotech Center North¶
Brooklyn, New York 11201-3859¶
FINANCIAL TRUST COMPANY INC¶
C/O AMERICAN YACHT HARBOR¶
FINANCIAL TRUST COMPANY INC¶
ST THOMAS VI 00802-1348¶
| STATEMENT PERIOD | June 1, 2007 |¶
| :--- | :--- |¶
| THROUGH | June 29, 2007 |¶
TAXPAYER NUMBER On File¶
| LAST STATEMENT | May 31, 2007 |¶
| :--- | :--- |¶
Pursuant to your previously issued instructions, Bear Stearns Securities Corp, provides duplicate monthly statements and/or transaction confirmations to the third parties listed on the cover page of this statement. If you wish to modify or cease distribution to any of the recipients indicated, please contact your Investment Professional. This reminder notice will continue to be provided to you on your quarterly statements.¶
Third Party¶
J EPSTEIN & CO¶
457 MADISON AVE 4TH FLOOR¶
NEW YORK NY 10022¶
027¶
06/30/07;07:43 001¶
EFTA00197044¶
OFFICE SERVICING YOUR ACCOUNT¶
Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179¶
| INVESTMENT PROFESSIONAL | ZICHERMAN, IRA |¶
| :--- | :--- |¶
| TELEPHONE | |¶
| VISIT OUR WEBSITE | www.bearstearns.com |¶
What’s In This Statement¶
Your Portfolio Holdings … 4¶
Transaction Detail … 6¶
Fund Activity … 7¶
Your Messages … 9¶
| FINANCIAL TRUST COMPANY INC |
| C/O AMERICAN YACHT HARBOR |
| 6100 RED HOOK SUTE B-3 |
| QUAETERS #2 |
| ST THOMAS VI 00802-1348 |
CLEARED THROUGH ITS¶
WHOLLY OWNED SUBSDIARY¶
Your Portfolio at a Glance¶
| TOTAL VALUE OF SECURITIES THIS PERIOD | 81,581,379 |
| NET DEBIT BALANCE | -7,407,439 |
| MONEY MARKET FUND BALANCE | 3,185,235 |
| NET EQUITY THIS PERIOD | $77,359,175 |
| NET EQUITY LAST STATEMENT | 92,012,420 |
| CHANGE SINCE LAST STATEMENT | -14,653,245 |
There are no “Stop Loss” orders or other pending buy or sell open orders on file for your account.¶
| LAST STATEMENT | May 31, 2007 |¶
| :--- | :--- |¶
Market Value of Your Portfolio¶
ACCOUNT NUMBER¶
Bear, Stearns Securities Corp.¶
One Metrotech Center North¶
Brooklyn, New York 11201-3859¶
TAXPAYER NUMBER On File¶
FINANCIAL TRUST COMPANY INC¶
STATEMENT PERIOD June 1, 2007¶
THROUGH June 29, 2007¶
Please report any difference or non-receipt of checks or stocks, indicated as delivered to you, to Client Services at 800-634-1428; or write to Client Services at Bear, Steams Securities Corp., One Metrotech Center North, Brooklyn, N.Y. 11201-3859.¶
SIPC This summary is for informational purposes only. It is not intended as a tax document.¶
This statement should be retained for our records. See reverse side for important information.¶
06/30/07;07:43 001¶
V011¶
EFTA00197045¶
CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY¶
2 of 9¶
Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859¶
FINANCIAL TRUST COMPANY INC¶
STATEMENT BACKER IS PRINTED ON THIS PAGE¶
027¶
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V011¶
EFTA00197046¶
BEAR STEARNS¶
OFFICE SERVICING YOUR ACCOUNT¶
Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179¶
3 of 9¶
Cash Flow Analysis¶
| THIS PERIOD | |
| OpeningBalance | $0.00 |
| Money Fund | 5,190,917.09 |
| Funds Deposited | 1,023,495.00 |
| Amount Credited | $6,214,412.09 |
| Money Fund | -1,070,186.09 |
| Funds Withdrawn | -5,144,226.00 |
| Dividends/Interest Charged | -7,438.53 |
| Miscellaneous | -7,400,000.00 |
| Amount Debited | $-13,621,850.62 |
| Net Cash Activity | -7,407,438.53 |
| Closing Balance | $-7,407,438.53 |
Cash Balance Summary¶
| OPENING | CLOSING | |
| Margin | 0.00 | -7,407,438.53 |
| Net Cash Balance | $0.00 | $-7,407,438.53 |
Income Summary¶
| THIS PERIOD | YEAR TO DATE | |
| Dividends | 46,691.09 | 771,864.88 |
| Credit Balance Int. | 0.00 | 44.54 |
| Total | $46,691.09 | $771,909.42 |
| Margin Int. Paid | -7,438.53 | -7,438.53 |
Portfolio Composition¶
| SHORT | LONG | |
| Cash/Cash Equivalent | 7,407,439 | 3,185,235 |
| Equities | 81,581,379 | |
| Total | $7,407,439 | $84,766,614 |
027¶
CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY¶
Bear, Steams Securities Corp.¶
One Metrotech Center North¶
Brooklyn, New York 11201-3859¶
FINANCIAL TRUST COMPANY INC¶
| STATEMENT PERIOD | June 1, 2007 |
|---|---|
| THROUGH | June 29, 2007 |
| ACCOUNT NUMBER | |
|---|---|
| TAXPAYER NUMBER | On File |
| LAST STATEMENT | May 31, 2007 |
Your Portfolio Allocation¶
Unhaded portions denote debit balance and/or short market values. The allocation percentage is derived from the absolute market value of your portfolio.¶
06/30/07;07:43 001¶
EFTA00197047¶
BEAR STEARNS¶
OFFICE SERVICING YOUR ACCOUNT¶
Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179¶
CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY¶
4 of 9¶
Bear, Steams Securities Corp.¶
One Metrotech Center North¶
Brooklyn, New York 11201-3859¶
CASH & CASH EQUIVALENTS¶
| DESCRIPTION | SYMBOL/CUSIP | QUANTITY | PRICE | MARKET VALUE |
|---|---|---|---|---|
| CASH BALANCE | -7,407,439 | |||
| DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES EST. 30 DAY AVG YIELD 5,2200% | DICXX | 3,185,234.50 | 1.0000 | 3,185,235 |
| TOTAL CASH & CASH EQUIVALENTS | -4,222,204 |
Your Portfolio Holdings¶
Equities & Options¶
The research ratings for Bear Stearns (BSC) are shown for certain securities covered by the BSC Equity Research Department. The first rating represents the stock’s total return relative to the other stocks covered by that Analyst. The key for the stock rating values is as follows: O = Outperform; P = Peer Perform; U = Underperform. The second rating represents the rating of the coverage universe relative to the regional broader market index. The key for the sector rating is as follows: MO = Market Overweight; MW = Market Weight; MU = Market underweight. In cases where the BSC rating is present, the name of an independent, third-party research provider and their rating may also be displayed, where such research is available. The various providers use different ratings systems and have normalized them as follows: B = Buy; H = Hold; S = Sell (this may not always correspond directly to the underlying rating system used by each provider or BSC). The ratings information contained herein is for informational purposes only and is not intended to provide tax, legal, or investment advice. Bear Stearns is neither soliciting any action based on such information, nor endorsing any recommendation or opinion expressed by any independent, third-party research provider. The symbol indicates that continuing coverage of the subject company is temporarily not available due to legal reasons.¶
Independent, third-party research on certain companies covered by the Firm’s research is available to customers of Bear Stearns at no cost. Customers can access this research at www.bearstearns.com or can call (800) 517-2327 to request that a copy of this research be sent to them.¶
EQUITIES¶
STATEMENT PERIOD June 1, 2007¶
THROUGH June 29, 2007¶
AGCOUNT NUMBER¶
FINANCIAL TRUST COMPANY INC¶
TAXPAYER NUMBER On File¶
| LAST STATEMENT | May 31, 2007 |¶
| :--- | :--- |¶
| DESCRIPTION | SYMBOL/CUSIP | ACCT TYPE | QUANTITY | PRICE | MARKET VALUE | ESTIMATED ANNUAL INCOME | ESTIMATED YIELD (%) |
|---|---|---|---|---|---|---|---|
| APPLE INC BSC RATING: STOCK O/SECTOR MW BOYAR'S ALTERNATIVE VIEWPOINT RATING: S | AAPL | CASH | 220,000 | 122.0400 | 26,848,800 | ||
| BEAR STEARNS COMPANIES INC | BSC | CASH | 130,000 | 140.0000 | 18,200,000 | 166,400 | 0.9143 |
027¶
06/30/07;07:43 001¶
EFTA00197048¶
BEAR STEARNS¶
OFFICE SERVICING YOUR ACCOUNT¶
Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179¶
CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY¶
Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859¶
5 of 9¶
FINANCIAL TRUST COMPANY INC¶
Your Portfolio Holdings (continued)¶
Equities & Options (continued)¶
STATEMENT PERIOD June 1, 2007¶
THROUGH June 29, 2007¶
AGCOUNT NUMBER¶
| LAST STATEMENT | May 31, 2007 |¶
| :--- | :--- |¶
| DESCRIPTION | SYMBOL/CUSIP | ACCT TYPE | QUANTITY | PRICE | MARKET VALUE | ESTIMATED ANNUAL INCOME | ESTIMATED YIELD (%) |
|---|---|---|---|---|---|---|---|
| CHOICEPOINT INC | CPS | CASH | 100,000 | 42.4500 | 4,245,000 | ||
| COLGATE PALMOLIVE CO BSC RATING: STOCK O/SECTOR MW BUCKINGHAM RESEARCH RATING: B | CL | CASH | 56,200 | 64.8500 | 3,644,570 | 80,928 | 2.2205 |
| DEERFIELD TRIARC CAP CORP | DFR | CASH | 462,691 | 14.6300 | 6,769,169 | 777,321 | 11.4833 |
| ENVIRONMENTAL SOLUTIONS WORLDWIDE INC | ESWW | CASH | 100,000 | 0.7800 | 78,000 | ||
| LEHMAN BROTHERS HOLDINGS INC | LEH | CASH | 100,000 | 74.5200 | 7,452,000 | 60,000 | 0.8052 |
| WYNN RESORTS LTD BSC RATING: STOCK O/SECTOR MW WALL STREET STRATEGIES RATING: B | WYNN | MRGN | 160,000 | 89.6490 | 14,343,840 | ||
| Total Equities& Options | $81,581,379 | $1,084,649 | |||||
| TOTAL EQUITIES | $81,581,379 | $1,084,649 |
TAXPAYER NUMBER On File¶
| YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME | $1,084,649 |
| YOUR PRICED PORTFOLIOHOLDINGS | $77,359,175 |
027¶
06/30/07;07:43 001¶
EFTA00197049¶
BEAR STEARNS¶
OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179¶
CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY¶
Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859¶
6 of 9¶
FINANCIAL TRUST COMPANY INC¶
Transaction Detail¶
STATEMENT PERIOD June 1, 2007¶
THROUGH June 29, 2007¶
INVESTMENT ACTIVITY¶
TAXPAYER NUMBER On File¶
| LAST STATEMENT | May 31, 2007 |¶
| :--- | :--- |¶
| Settlement Date | Trade Date | Transaction | Description | SYMBOL/CUSIP | Quantity | Price | Debit Amount | Credit Amount |
|---|---|---|---|---|---|---|---|---|
| 06/15/07 | JOURNAL | WYNN RESORTS LTD JOURNAL FROM TYPE 1 TO 2 | WYNN | -160,000 | ||||
| 06/15/07 | JOURNAL | WYNN RESORTS LTD JOURNAL FROM TYPE 1 TO 2 | WYNN | 160,000 |
DEPOSITS AND WITHDRAWALS¶
027¶
06/30/07;07:43 001¶
EFTA00197050¶
BEAR STEARNS¶
OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179¶
CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY¶
7 of 9¶
Bear, Steams Securities Corp.¶
One Metrotech Center North Brooklyn, New York 11201-3859¶
FINANCIAL TRUST COMPANY INC¶
Transaction Detail (continued)¶
STATEMENT PERIOD June 1, 2007¶
DEPOSITS AND WITHDRAWALS (continued)¶
THROUGH June 29, 2007¶
ACCOUNT NUMBER¶
TAXPAYER NUMBER On File¶
| DATE | TRANSACTION | DESCRIPTION | DEBIT AMOUNT | CREDIT AMOUNT |
|---|---|---|---|---|
| 06/28/07 | FND WIRED | MDA#C FNDS WIRED TO JPMORGAN CHASE BANK, NA | 1,000,000.00 | |
| TOTAL | -$5,144,226.00 | $1,023,495.00 | ||
| LAST STATEMENT | May 31, 2007 |¶
| :--- | :--- |¶
MONEY FUND ACTIVITY¶
| DATE MO/DAY | TRANSACTION | DESCRIPTION | SYMBOL/CUSIP | QUANTITY | PRICE | DEBIT AMOUNT | CREDIT AMOUNT |
|---|---|---|---|---|---|---|---|
| 06/01/07 | OPENINGBALANCE | 7,259,274.41 |
| 06/01/07 | SOLD | DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES | DICXX | -1,000,000 | 1.0000 | 1,000,000.00 | |
|---|---|---|---|---|---|---|---|
| 06/01/07 | DIVIDEND | DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES MONTHLY DIVIDEND | DICXX | 46,691.09 | |||
| 06/01/07 | REINVEST | DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES DIVIDEND REINVEST | DICXX | 46,691.09 | 46,691.09 | ||
| 06/06/07 | SOLD | DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES | DICXX | -1,000,000 | 1.0000 | 1,000,000.00 | |
| 06/13/07 | SOLD | DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES | DICXX | -1,000,000 | 1.0000 | 1,000,000.00 | |
| 06/18/07 | BOUGHT | DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES | DICXX | 1,023,495 | 1.0000 | 1,023,495.00 | |
| 06/19/07 | SOLD | DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES | DICXX | -144,226 | 1.0000 | 144,226.00 | |
| 06/27/07 | SOLD | DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES | DICXX | -1,000,000 | 1.0000 | 1,000,000.00 |
027¶
06/30/07;07:43 001¶
V011¶
EFTA00197051¶
BEAR STEARNS¶
OFFICE SERVICING YOUR ACCOUNT¶
Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179¶
CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY¶
Bear, Steams Securities Corp. One Metratech Center North Brooklyn, New York 11201-3859¶
8 of 9¶
FINANCIAL TRUST COMPANY INC¶
Transaction Detail (continued)¶
STATEMENT PERIOD June 1, 2007¶
THROUGH June 29, 2007¶
MONEY FUND ACTIVITY (continued)¶
| LAST STATEMENT | May 31, 2007 |¶
| :--- | :--- |¶
| MO/DAY | TRANSACTION | DESCRIPTION | SYMBOL/CUSIP | QUANTITY | PRICE | DEBIT AMOUNT | CREDIT AMOUNT |
|---|---|---|---|---|---|---|---|
| 06/28/07 | SOLD | DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL QUADES | DICXX | -1,000,000 | 1.0000 | 1,000,000.00 |
| 06/29/07 | CLOSINGBALANCE | 3,185,234.50 | ||
| TOTAL | -1,070,186.09 | $5,190,917.09 | ||
INTEREST¶
| DATE | DESCRIPTION | SYMBOL/CUSIP | QUANTITY | RATE (%) | DEBIT AMOUNT | CREDIT AMOUNT |
|---|---|---|---|---|---|---|
| 06/21/07 | INT DB | 7,438.53 | ||||
| 05/21 - 06/20 @06 .03125% | ||||||
| BAL 7400000 AVG 1432258 | ||||||
| TOTAL | -7,438.53 | |||||
MISCELLANEOUS¶
| DATE MO/DAY | TRANSACTION | DESCRIPTION | DEBIT AMOUNT | CREDIT AMOUNT |
|---|---|---|---|---|
| 06/15/07 | JOURNAL | TO | 7,400,000.00 | |
| TOTAL | -7,400,000.00 | |||
027¶
06/30/07;07:43 001¶
EFTA00197052¶
BEAR STEARNS¶
OFFICE SERVICING YOUR ACCOUNT¶
Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179¶
CLEARED THROUGH ITS¶
WHOLLY OWNED SUBSIDIARY¶
9 of 9¶
Bear, Steams Securities Corp.¶
One Metrotech Center North¶
Brooklyn, New York 11201-3859¶
FINANCIAL TRUST COMPANY INC¶
Confirmation: Unless we hear from you to the contrary, it is our understanding that any free credit balances in your account are being maintained to facilitate your intention to invest such amounts through us,¶
Your messages¶
You are advised to promptly report any inaccuracy or discrepancy in your account to your broker and Bear, Stearns Securities Corp. (“BSSC”) at the telephone numbers listed on the front of this statement. In order to protect your rights, including any rights under the Securities Investor Protection Act (“SIPA”), any such communications should be reconfirmed in writing to your broker and BSSC at the addresses which appear on the front of this statement.¶
| STATEMENT PERIOD | June 1, 2007 |¶
| :--- | :--- |¶
| THROUGH | June 29, 2007 |¶
| LAST STATEMENT | May 31, 2007 |¶
| :--- | :--- |¶
SPECIAL NOTICE FOR MARGIN CUSTOMERS¶
If you are a customer with a margin account, you consent to Bear Stearns’s right to use, lend or pledge any securities held by Bear Stearns in your margin account. In certain circumstances, such loans or other use may limit, in whole or in part, your ability to receive dividends directly from the issuing company and/or your right to exercise voting and other attendant rights of ownership with respect to the loaned, sold or pledged securities. Such circumstances include, but are not limited to, loans of securities that you own in your margin account that continue over record dates for voting purposes and ex-dividend dates for dividend distributions. If you do not receive dividends directly from the issuing company, you may receive payments-in-lieu of dividends which could cause you to lose the benefit of the preferential tax treatment accorded to dividends.¶
In an effort to maximize execution quality, Bear Stearns may route your equity orders to its Smart Order Router (SOR). The SOR accepts limit and market orders and automates their routing across several sources of liquidity in an attempt to maximize price and minimize market impact with respect to your order. The SOR routes orders using proprietary algorithms that scan exchanges, ECN’s and other liquidity venues before it decides a strategy designed to achieve an optimal execution for clients. The SOR may in the course of executing an instruction change the entered order type from market to limit or may change the entered limit price in an attempt to obtain the best price. Although the Firm believes that the regular use of this technology benefits clients by achieving overall better execution quality, we cannot guarantee an optimal execution on any individual order.¶
STOP¶
******* End of Statement*******¶
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